Crude palm Oil on MCX settled down by -0.59% at 539.6 amid subdued demand in the spot market. Besides, sufficient stock position following higher supplies from producing belts also weighed on crude palm oil. Malaysia palm oil exports during Sep 1-20 climbed 25.4% compared to same period a month on strong demand from China, India & Subcontinents and Middle East, data showed. Palm oil imports by China from Malaysia during Sep 1-20 jumped 58.11% to 178,432 tons compared to 112,850 tons in the same period a year ago.

Trading Ideas:

# CPO trading range for the day is 534.7-542.5.

# Crude palm oil ended with losses amid subdued demand in the spot market.

# Malaysia palm oil exports during Sep 1-20 climbed 25.4% compared to same period a month on strong demand.

# Palm oil imports by China from Malaysia during Sep 1-20 jumped 58.11% to 178,432 tons compared to 112,850 tons in the same period a year ago.

# Crude palm oil prices in spot market dropped by 1.70 rupees and settled at 544.80 rupees.

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